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In Canada, bankruptcy rules are based on the Bankruptcy and Insolvency Act, and overseen by the Office of the Superintendent of Bankruptcy.

While the Bankruptcy and Insolvency Act does not specify that you cannot open an RRSP following bankruptcy, ensure you understand the rules around what happens to your income and assets after you’ve filed for bankruptcy. Speak to a qualified financial advisor or accountant for advice related to your individual situation.

For more information on bankruptcy rules, contact the Office of the Superintendent of Bankruptcy.